Trump’s ignorance knows no bounds (nor does his lies). These are two tweets from today - separated by nearly two hours:

We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!

— Donald J. Trump (@realDonaldTrump) April 4, 2018

When you’re already $500 Billion DOWN, you can’t lose!

— Donald J. Trump (@realDonaldTrump) April 4, 2018

That’s not how any of this works. Trade war will cost consumers more and it wont show up in the trade balance. We buy more stuff from China than we sell to them because it’s cheaper to buy crap from them. Trump knows this. Why? Because he has his own clothing line made in China and imported to the US instead of having it made in the US. He wanted to pocket the profits.

Ivanka does the same thing. Her crap is made overseas, and she’s been slapped with infringement suits over designs that she took from other manufacturers to boot (literally - the claims are on shoes she’s branded).